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Cannabis legalization has fallen well short of expectations making the heady days for the once high-flying sector a distant memory. Read on.

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When Abi Roach thinks about the 20 years she spent fighting for Canada to legalize cannabis, she says pot legislation is like a clenched fist. The analogy, which Roach first heard from a former...

When Abi Roach thinks about the 20 years she spent fighting for Canada to legalize cannabis, she says pot legislation is like a clenched fist.

The biggest cannabis companies have shrunk their footprints, laid off thousands and grappled with balance sheets that reflect a turbulent market and a longer march to profitability than once imagined

Cannabis legalization has had wide-reaching effects and made its use more accessible and acceptable. Yet the days where sky-high demand was expected are gone.

While regulations and attitudes have loosened since Canada legalized recreational cannabis five years ago, one industry leader says policy constraints and industry response mean there is still "a ton of room to go" before the industry reaches general acceptance.

Cannabis legalization has had wide-reaching effects and made its use more accessible and acceptable. Yet the days where sky-high demand was expected are gone.

Cannabis legalization has had wide-reaching effects and made its use more accessible and acceptable. Yet the razzle-dazzle days where money was no object and sky-high demand was expected are gone, replaced by a sobering reality: legalization has fallen well short of expectations.